Alphabet buoyed by current support - Analysis - 10-06-2019

2019-06-10 09:58:39 GMT (Economies.com)
 

Alphabet's stock rose 2.08% in the last session after the support of 1045.49 held its ground, representing the ratio 76.4% of Fibonacci retracement levels for an ascending wave in the short term, while venting off oversold saturation in the RSI, countered by negative pressure from the 50-day SMA. 

 

Therefore we expect more gains for the stock as long as the support of 1045.49 holds on, retesting the resistance of 1092.38, representing the ratio 61.8% of the same retracement levels. 

 

Expected trend for today: Bullish  

 
 
 
  Symbol Last Change Chg.%
1.2133
-0.0040
0.3323%
1.4118
-0.0018
0.1305%
Tadawul
10322.68
86.96
0.85%
27.360
-0.445
1.601%
65.380
-0.012
0.018%
68.55
0.41
0.60%
1828.490
-15.735
0.853%
 
 
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